As of May 11, the company held a total of 568,840 bitcoins, with a cumulative purchase cost of US$39.41 billion and an average purchase price of US$69,287.

The transaction raised a total of $710 million, including $510 million in PIPE financing and $200 million in convertible bonds, making it the largest public crypto transaction PIPE financing to date. David Bailey will serve as the CEO of the merged company and plans to build a global ecosystem with Bitcoin at its core, covering media, finance and consulting services.

TST is its current largest holding token. The top five tokens currently held by the BSC Foundation address are: TST; MUBARAK; BROCCOLI; SKYAI; AIOT.

Support the construction of data computing centers, R&D certification centers, evaluation centers, and regulatory platforms in Nansha, Guangzhou, for the integration of key digital technologies such as blockchain and artificial intelligence with financial scenarios. Support the Guangzhou Data Exchange to improve comprehensive services for data circulation and trading, strengthen cooperation and docking with licensed digital asset trading platforms in Hong Kong, and innovate digital asset trading service methods.

According to monitoring by Ember, [Hyperliquid 50x Whale] closed his LDO short position and transferred 795,000 USDC to Hyperliquid to increase margin and then continued to increase his BTC short position. So far, he has opened a total of 1,000 BTC short positions, worth approximately $104.8 million, with an opening price of $104,427 and a liquidation price of $106,200.

According to the Information Office of the Ministry of Commerce, China and the United States issued a joint statement during the economic and trade talks in Geneva, and both sides promised to take specific measures to ease economic and trade frictions before May 14, 2025. China will adjust the ad valorem tariffs imposed on US goods. Among them, 24% of the tariffs will be suspended for the first 90 days, while the remaining 10% tariffs on these goods will be retained, and the relevant additional tariffs stipulated in the Tax Committee Announcement No. 5 and No. 6 of 2025 will be canceled. In addition, China will also take necessary measures to suspend or cancel non-tariff countermeasures against the United States from April 2, 2025. At the same time, the United States also promised to adjust its ad valorem tariff policy on Chinese goods before May 14, 2025. Pursuant to Executive Order No. 14257 of April 2, 2025, the United States will suspend the implementation of the 24% tariff for 90 days, but retain the remaining 10% tariff, and at the same time cancel the tariffs imposed on Chinese goods pursuant to Executive Order No. 14259 of April 8, 2025 and No. 14266 of April 9, 2025.

In this round, the concept of DePIN emerged and once again set off a narrative climax in the Web3 circle. However, when we took a closer look at the actual implementation and economic models of these projects, we found that: in the current DePIN market, more than 60% of the equipment suppliers are from Huaqiangbei, Shenzhen. The selling price of these devices is often 30-50 times the wholesale price in Huaqiangbei, and almost all hardware investors have lost all their money.